openPR Logo
Press release

Investigation for NASDAQ: MGPI Long-Term Investors announced over possible Wrongdoing at MGP Ingredients, Inc.

05-15-2020 06:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares.

An investigation on behalf of current long term investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of MGP Ingredients, Inc.

Investors who are current long term investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: MGPI stocks follows a lawsuit filed against MGP Ingredients, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MGPI stocks, concerns whether certain MGP Ingredients directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Kansas the plaintiff alleges that the defendants failed to disclose that MGP Ingredients, Inc. had not completed any significant sales of its aged whiskey inventory, the Company had been unable to sell its aged whiskey at the price premium represented to investors, a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company's aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms, and as a consequence, defendants' full-year 2019 financial guidance lacked a reasonable basis and was materially misleading, and that as a result of this information being withheld from the market, the price of MGP Ingredients, Inc. common stock was artificially inflated to a high of more than $88 per share between February 27, 2019 and February 25, 2020.

Those who purchased shares of MGP Ingredients, Inc. (NASDAQ: MGPI) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation for NASDAQ: MGPI Long-Term Investors announced over possible Wrongdoing at MGP Ingredients, Inc. here

News-ID: 2047777 • Views: 425

More Releases from Shareholders Foundation

ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO) Investor Alert: Deadline in …
A deadline is coming up on September 28, 2020 in the lawsuit filed for certain investors of ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO) over alleged securities laws violations. Investors who purchased shares of ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO) have certain options and there are strict and short deadlines running. Deadline: September 28, 2020. NYSEArca: UCO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -
Investigation announced for Long-Term Investors in shares of Forescout Technolog …
An investigation was announced for long-term investors in shares of Forescout Technologies, Inc. (NASDAQ: FSCT) concerning potential breaches of fiduciary duties by certain directors and officers of Forescout Technologies, Inc.. Investors who are current long term investors in Forescout Technologies, Inc. (NASDAQ: FSCT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for investors in NASDAQ:
Investigation announced for Long-Term Investors in shares of Hebron Technology C …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Hebron Technology Co., Ltd.. Investors who are current long term investors in Hebron Technology Co., Ltd. (NASDAQ: HEBT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: HEBT stocks follows a lawsuit filed against Hebron
Investigation announced for Investors in shares of CrossFirst Bankshares, Inc. ( …
An investigation was announced concerning potential securities laws violations by CrossFirst Bankshares, Inc. in connection with certain financial statements. Investors who purchased shares of CrossFirst Bankshares, Inc. (NASDAQ: CFB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether certain statements by CrossFirst Bankshares, Inc. regarding its business, its prospects and its operations were materially false

All 5 Releases


More Releases for MGP

Global Wheat Proteins (wheat gluten) Market Analysis 2018-2025 Tereos, Manildra, …
Recently added detailed market study "Global Wheat Proteins (wheat gluten) Market" examines the performance of the Wheat Proteins (wheat gluten) market 2018. It encloses an in-depth Research of the Wheat Proteins (wheat gluten) market state and the competitive landscape globally. This report analyzes the potential of Wheat Proteins (wheat gluten) market in the present and the future prospects from various angles in detail. The Global Wheat Proteins (wheat gluten) Market 2018
Wheat Protein Market Trends For MGP Ingredients, Gluten y Almidones Industriales …
The Wheat Protein Market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report. Global wheat protein market share is highly competitive and concentrated in nature owing to the presence of large manufacturers accounting for a major industry share. Archer Daniels Midland, AB Amilina, Agridient, MGP Ingredients, Manildra Group, Cargill Inc., Crop Energies
Wheat Protein Market Research with Players like ADM, Cargill, Agrana, MGP Ingred …
Global Wheat Protein Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Global Wheat Protein industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Wheat Protein is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The Global Wheat Protein Market is expected to reach
Global Resistant Starch Market 2018: Key Players – Tate & Lyle, Ingredion, Car …
Summary WiseGuyReports.com adds “Resistant Starch Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Resistant Starch Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Resistant Starch Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Global Industrial Alcohols Market 2017 - Green Plains, MGP Ingredients, Cargill, …
The report with the title the Global Industrial Alcohols market is a professional and in-depth document which provides a complete overview of the market. The Industrial Alcohols market’s executive-level of blueprint is provided in the report along with the definition of the market dynamics. The Industrial Alcohols market gets classified by the analysis in terms of application, key geographic regions, analysis. The research study provides an analysis of the detailed
Global Industrial Alcohol Market 2017 - Cristalco, MGP Ingredients, Raízen Ener …
Apex Research, recently published a detailed market research study focused on the "Industrial Alcohol Market" across the global, regional and country level. The report provides 360° analysis of "Industrial Alcohol Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Industrial Alcohol industry, and estimates the future trend of Industrial Alcohol market on